新股消息 | 活力集团二次递表港交所主板 旗下出行平台用户规模突破1.97亿

Core Viewpoint - The company, Vitality Group Holdings Limited, has re-submitted its listing application to the Hong Kong Stock Exchange after the previous application expired, indicating ongoing efforts to go public [1]. Company Overview - Founded by internet entrepreneur Wang Jiang, the company started in 2009 with the launch of China's first flight dynamic information application, "Flight Butler," and later introduced the high-speed rail information and ticketing application, "High-speed Rail Butler," evolving into a comprehensive travel platform [4]. - As of December 31, 2024, the company has accumulated over 197 million registered users, with a leading loyalty rate among paying users in the industry [4]. Financial Performance - The company's revenue for 2024 reached RMB 647 million, representing a year-on-year increase and a compound annual growth rate (CAGR) of 52% over three years [4]. - The net profit for 2024 was RMB 51.2 million, with an adjusted net profit of RMB 73.4 million, showcasing a strong recovery from the pandemic lows of RMB 280.1 million in 2022 [5]. Market Position - In 2024, the total GMV of China's internet comprehensive travel service market reached RMB 2,954.2 billion, with the company holding approximately 1.4% market share, ranking eighth in the market [4]. - The company ranks third in the online train ticket booking market with a market share of about 2.4% and fifth in the online flight booking market with a market share of approximately 1.9% [4]. User Engagement - Over 30% of the company's paying users in 2024 are frequent travelers, who prioritize efficiency and intelligent experiences [5]. - The company reported that more than half of the paying users from 2023 made repeat purchases in 2024, significantly exceeding the industry average renewal rate of about 40% [5]. Competitive Advantage - The company has established a stable competitive advantage through a mobile-first strategy, innovative technology capabilities, and strong data analysis foundations, despite the market being dominated by leading enterprises [4].